Venture capital investment in China rose in the third quarter, bringing year-to-date totals to more than all of 2020, multiple data sources show.
Accurate figures, especially for finance in China, can be difficult to obtain. But KPMG's analysis of Pitchbook data on venture capital financing in China puts the third quarter figure at $23.7 billion, up from $22.5 billion in the second quarter. That quarterly increase is in line with industry trends reported by Preqin and CB Insights.
"The caution is centered heavily on certain sectors," Lu said. "Others — like healthtech, hardware, and consumer market solutions are still attracting quite significant levels of VC investment in China." In March, China launched its development plan for the next five years and beyond. Beijing is particularly focused on building its own semiconductors, whereThat's spurred a rush of investment into China's semiconductor industry in ways similar to that of the internet about two decades ago, Eric Xin, senior managing director at Citic Capital, said on Oct. 13 at an AVCJ forum in Beijing. "If you have a war mindset, you will do things a lot faster than normal.
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